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Oct 30, 2012
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in new york city. it now dangles precariously above the treats of manhattan. 90 stories below. and the new york stock exchange and nasdaq remain closed for business. no bond trading either. but futures will trade until 9:15 a.m. eastern time. it's tuesd
in new york city. it now dangles precariously above the treats of manhattan. 90 stories below. and the new york stock exchange and nasdaq remain closed for business. no bond trading either. but futures will trade until 9:15 a.m. eastern time. it's tuesd
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Oct 29, 2012
10/12
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winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
winds are picking up and the rain is coming towards the new york city area. thousands have been evacuated from low lying areas. u.s. stock and option markets will be closed today and possibly tomorrow. bond markets will remain open until noon. and stocks are weaker across europe with the u.s. calling off equity trading. more worries about a rescue deal for spain. it's monday, october 29th, 2012. "squawk box" begins right now.
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Oct 31, 2012
10/12
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new york city and new jersey, especially the jersey shore, were the hardest hit. president obama will tour damage in atlantic city today. new york's subway system is flooded and will remain shut indefinitely. new jersey transit is also suspended. amtrak will resume limited regional service, but not to manhattan because of flooded tunnels. jfk and newark airports will reopen with limited service. airlines will resume service at other eastern airports. a.i.r. worldwide is putting the estimated insured losses at $7 billion to $15 billion. the u.s. financial markets, as we mentioned, will reopen today. the u.s. stock exchange says they didn't suffer any damage. goldman sachs will open its headquarters in lower manhattan, though it is still running on generator power. b of a will keep their offices closed, and citigroup says its office in lower manhattan sustained extensive flooding. joining us for a firsthand look at the damage from new york is scott cohn. i know it's still dark around you, but what kind of damage are we seeing? >> well, kelly, a lot of what you just
new york city and new jersey, especially the jersey shore, were the hardest hit. president obama will tour damage in atlantic city today. new york's subway system is flooded and will remain shut indefinitely. new jersey transit is also suspended. amtrak will resume limited regional service, but not to manhattan because of flooded tunnels. jfk and newark airports will reopen with limited service. airlines will resume service at other eastern airports. a.i.r. worldwide is putting the estimated...
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Oct 19, 2012
10/12
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it was my first day on a new job in the city. and not a lot happened i can tell you apart from people just looked at each other in amazement. they didn't answer the phones either. yeah, an interesting day all around. and what a great buying opportunity. we learned it was probably the buying opportunity of the century. >> ross, that's for sure. stick around, because still to come on the show, as eu banking policy inches closer to getting the green light, we'll hear from the finland bank governor. >>> google continues to move lower in european trade after losing $22 billion in market cap on wall street. >> and microsoft's profits drop falling short of forecasts as the company gets set to launch its new windows 8 software. >> europe's troubled banks could receive funds as soon as the beginning of next year. germany still appears to be eyeing a longer time frame, however. eu leaders have been hammering out the details of a banking union at a summit in brussels. and speaking this morning, ecb policy maker know vat any says it must hap
it was my first day on a new job in the city. and not a lot happened i can tell you apart from people just looked at each other in amazement. they didn't answer the phones either. yeah, an interesting day all around. and what a great buying opportunity. we learned it was probably the buying opportunity of the century. >> ross, that's for sure. stick around, because still to come on the show, as eu banking policy inches closer to getting the green light, we'll hear from the finland bank...
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Oct 16, 2012
10/12
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also in the lower tiered cities. in the provinces. according to mckenzie, the latest research, china will build 221 new cities by the year 2025. >> well, nothing can go wrong with that. china must know it needs exactly 221 cities. >> well, you look at the mckenzie research, several pieces of research based on the proprietary data, 221 new cities, it could be growing from mid size villages to mid size towns, mid size to bigger towns. but in total, china will add something like 300 million more urban ite you a urbanites by 2025. >> so investors should stay wrn t within the longer term. >> all right more to come from andrew. >>> resources minister says the boom is over. >> and we'll get the latest read on uk inflation. the rate is expected to fall to its lowest level in three years. >> meanwhile new car sales are sle sliding in europe. >> and we'll be heading out to new york for a preview of johnson & johnson earnings. what one analyst says about the potential impact of the election on the health care sector. >>> and sh
also in the lower tiered cities. in the provinces. according to mckenzie, the latest research, china will build 221 new cities by the year 2025. >> well, nothing can go wrong with that. china must know it needs exactly 221 cities. >> well, you look at the mckenzie research, several pieces of research based on the proprietary data, 221 new cities, it could be growing from mid size villages to mid size towns, mid size to bigger towns. but in total, china will add something like 300...
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Oct 17, 2012
10/12
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be needed to work in the city. the proposals would mirror similar standards set for doctors and accountants. >>> shares in citigroup closed up 1.6% after pandit unexpectedly resigned yesterday. reports suggested there were tensions between the former ceo and current chairman michael o'neill over pay and strategy that led the 55-year-old to quit. citigroup stock has lost 10%, but as the former ceo all to blame for the poor performance? pandit was, in fact, handed the mother of all hospital passes when he took over the helm at the end of 2007, and stuart kirk, head of the lex column, joins us. first you have to explain to me, at least, what a hospital pass is. what do you mean by that? >> that's being the thrown the ball. >> it's a rugby term? >> it is. >> this shows my lack of knowledge about rugby. >> it also shows he took a pile of rubbish. >> it was in free fall when he became the ceo and kept on falling to the bottom. >> city has trailed competitors over the period during the recovery where he can't necessarily
be needed to work in the city. the proposals would mirror similar standards set for doctors and accountants. >>> shares in citigroup closed up 1.6% after pandit unexpectedly resigned yesterday. reports suggested there were tensions between the former ceo and current chairman michael o'neill over pay and strategy that led the 55-year-old to quit. citigroup stock has lost 10%, but as the former ceo all to blame for the poor performance? pandit was, in fact, handed the mother of all...
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Oct 26, 2012
10/12
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we need good upon city in the united states. simpson-bowles type deal with make all the difference and we would urge anyone who becomes president to get some of that done quickly. >> who would the markets like, romney or obama? >> i don't really know. >> markets always have a preference. >> people who vote for obama would say obama, people who vote no romney would say romney. >> but what would the markets say? >> business might modestly favor mitt romney, but it doesn't necessarily mean that's better for the markets or not. >> at jpmorgan, are you worried about the fiscal cliff situation and which way it could return in the month of december? >> there are two parts. one is actually what happens at the end of december and you can feel the effects of that before the end of the december. the second one is the real fiscal cliff, does the united states of america show it has the will and capability to fix its fiscal problems. i'm not worried as much for jpmorgan as i am for american business and more than that, the american jobs and
we need good upon city in the united states. simpson-bowles type deal with make all the difference and we would urge anyone who becomes president to get some of that done quickly. >> who would the markets like, romney or obama? >> i don't really know. >> markets always have a preference. >> people who vote for obama would say obama, people who vote no romney would say romney. >> but what would the markets say? >> business might modestly favor mitt romney, but...
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Oct 3, 2012
10/12
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because looking at the case, there were particular states and cities that weren't moving. core logic also shows that states are experiencing gains. is it an even pickup across the states? >> well, what's interesting is the markets that were the hardest hit with the highest ure rates have been ironically doing the best. so you have a city like phoenix, arizona, that no one would touch with a ten-foot stick, and right now, those prices have gone up 33% in the last 12 months. the reason for these turnaround states, portions of florida, certainly that everybody thought will never turn around, is because investors marched into that market early. why did they do it? because they could buy these homes so cheap and rent them out at enormous profits. so we really have the investors to thank for turning around the worst markets here in the u.s. but certainly now the homeowner is marching right behind them. >> i'm glad someone is chasing yield somewhere in the yield. if we look at arizona, idaho, nevada, utah, these are where the biggest appreciation has taken place. what's the strat
because looking at the case, there were particular states and cities that weren't moving. core logic also shows that states are experiencing gains. is it an even pickup across the states? >> well, what's interesting is the markets that were the hardest hit with the highest ure rates have been ironically doing the best. so you have a city like phoenix, arizona, that no one would touch with a ten-foot stick, and right now, those prices have gone up 33% in the last 12 months. the reason for...
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Oct 10, 2012
10/12
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the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell us what you think about the loyalty to apple. is it a sign perhaps of saturation? what's it mean for competitors? you can e-mail us here or tweet us. you can also reach us directly. ross? >> still to come on the show, the imf makes its feelings clear on the eurozone. we'll have more details when we come back. we use this board to compare car insurance rates side by side so you get the same coverage, often for less. that's one smart board. what else does it do, reverse gravity? [ laughs ] [ laughs ] [ whooshing ] tell me about it. why am i not going anywhere? you don't believe hard enough. a smarter way to
the company has also been confronting walkouts in eight cities but the numbers have been relatively small. kelly. >> thanks for that, ross. apple has a pretty loyal customer base, perhaps none stronger than in teenagers. 40% of teens own and iphone. 44% own a tablet with the ipad make up three quarters of those devices. kids who plan to buy a new tablet, 43% say they'd be more likely to go with apple if it starts selling a smaller ipad and it's expected to do so sometime this fall. tell...